Adani Ports shines on recording 42% growth in cargo volumes in November
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Adani Ports and Special Economic Zone is currently trading at Rs. 869.15, up by 41.60 points or 5.03% from its previous closing of Rs. 827.55 on the BSE.
The scrip opened at Rs. 864.00 and has touched a high and low of Rs. 883.00 and Rs. 858.25 respectively. So far 86280 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 912.05 on 09-Dec-2022 and a 52 week low of Rs. 394.95 on 03-Feb-2023.
Last one week high and low of the scrip stood at Rs. 883.00 and Rs. 804.10 respectively. The current market cap of the company is Rs. 178762.30 crore.
The promoters holding in the company stood at 65.53%, while Institutions and Non-Institutions held 27.09% and 7.37% respectively.
Adani Ports and Special Economic Zone (APSEZ) has recorded strong cargo volumes of around 36 MMT, a robust 42% year-on-year increase in November 2023. Growth was witnessed across all three broad cargo categories - dry bulk (over 60% Y-o-Y), containers (over 26%) and liquids and gas (over 23%). In the initial eight months of FY 24 (April-November 2023), the company has handled around 275 MMT of cargo, a healthy 21% Y-o-Y growth. This marks over 70% of the top-end of its full-year guidance range of 370-390 MMT.
Adani International Container Terminal (AICTPL), the joint venture terminal at the APSEZ in Mundra, achieved a momentous milestone by successfully handling over 3,00,000 containers in the month of November. This remarkable accomplishment is not only a significant achievement for APSEZ but also marks a historic event in the annals of Indian maritime history. AICTPL created a national record by handling 3,00,431 TEUs across 97 vessels in November 2023, breaking its own record of 2,98,634 TEUs in March 2021, by handling around 10,000 TEUs every day. Two other ports of APSEZ, Dhamra and Ennore, also recorded their highest ever monthly volumes, handling 3.96 MMT and 65,658 TEUs respectively.
Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.
